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We’re Pursuing Loans In Europe – Buhari’s Minister, Amaechi



The Minister of Transportation, Rotimi Amaechi, has blamed the delay in the execution of major projects in the country including railways, on the inability of China to fund them.

The minister said the Federal Government has started looking towards Europe acquire loans, following the refusal of the Chinese to fund Nigerian projects.

He expressed hope that if Nigeria could get loans from Europe, the existing projects will be completed.

 “We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe.” Amaechi said. 

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“And when I look at the money they are borrowing in other countries and compare it with the one we have borrowed, the kind of comments by Nigerians will put you off.”

Amaechi also stated that the Abuja-Itakpe railway is underway, which will link the existing Itakpe-Delta rail line.

He said the link rail would have been completed but for a misunderstanding with the Chinese contractor.

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